Young Journalists Club | Latest news of Iran and world

21 September 2018 - 01:36
News ID: 18783
Publish Date: 8:20 - 04 February 2018
TEHRAN, February 4 -Signs that a long-awaited correction may have arrived on Wall Street will keep investors on edge on Monday after the S&P 500 closed off the week with its biggest percentage drop in two years.

Caution after Wall Street caps off worst week in yearsTEHRAN, Young Journalists Club (YJC) -Signs that a long-awaited correction may have arrived on Wall Street will keep investors on edge on Monday after the S&P 500 closed off the week with its biggest percentage drop in two years.

Signs that a long-awaited correction may have arrived on Wall Street will keep investors on edge on Monday after the S&P 500 closed off the week with its biggest percentage drop in two years.

Among S&P 500 sectors, energy led decliners for the week, down 6.4 percent. Telecom Services got off the lightest with a 1.28 percent loss over five days.

Chesapeake Energy Corp, Tractor Supply Co and Harley-Davidson Inc were the S&P 500’s worst performers for the week, each down more than 13 percent.

The number of declining U.S. stocks for the week reached more than 27,000, the most since at least July 2014.

Fewer than 12,000 U.S. stocks advanced for the week, the lowest on Wall Street since at least July 2014.

The number of U.S. stocks hitting yearly lows this week reached 3,000, an amount not seen since 2016.

Source: Reuters

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